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Commodities Briefing - Categorized | Market Moves, Price Watch more

China: Commodity prices show no sign of growth

Posted on 14 November 2012

One factor contributing to a drop in producer prices is the weakness and fall of their input prices. Two months ago it seemed like commodity prices in China ended their eight-month slump and showed signs of bottoming out. But now we’re more than a week into November, and commodity prices are still muddling along on the low end. Once again confusing markets, investors and end users on where prices may go from here.
The latest reading of China’s only domestic coal price measure, the Bohai-Rim Steam-Coal Price Index shows that the price of steam-coal stood at 643 yuan ($103) per ton. That’s a slight uptick of 17 yuan from its lowest point, but still dropping by a quarter versus the same time last year……………………………………….Full Article: Source


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This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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